Over the first six months of 2024, the total volume of new business* among Russian leasing companies under Insight Investments amounted to 37.06 billion rubles, which is 26% more than during the same period last year.
The overall volume of the January-June 2024 leasing portfolio** increased by 22%, reaching 163.75 billion rubles.
Insight Investments comprises three Russia-based financial leasing service companies: DeltaLeasing LLC (joined Insight IG in September 2022), Fleet Finance LLC (part of the group since March 2023), and Fleet Autoleasing LLC (acquired at the start of Q3 2023).
DeltaLeasing
new business volume reached 27.56 billion rubles;
the leasing portfolio increased to 134.43 billion rubles over the course of six months;
2380 new contracts were signed.
Fleet Finance
new business volume reached 7.05 billion rubles;
the leasing portfolio was at 22.89 billion rubles towards the end of the first six months;
783 new contracts were signed.
Fleet Auto Leasing
new business volume reached 2.45 billion rubles;
the leasing portfolio was at 6.43 billion rubles towards the end of the first six months;
985 new contracts were signed.
*the new business metric is determined by the cost of leased items handed over to clients during the specified period, VAT not included.
**calculation according to the methodology of Expert RA rating agency, taking into account deferred payments under the outstanding/concluded financial lease agreements, including VAT.
